Whale Buying Could Put Pepe Coin Price Back Up 80%

As Bitcoin battles to stay above $100k, the crypto market expects a choppy December. The consolidation has caused market anxiety, with memecoins particularly impacted because to their volatility. Whale purchasing supports the next rebound jump in the Pepe coin price's spreading wedge formation.

According to Coingecko, PEPE's market value is $7.58 billion and its 24-hour trading volume is $1.73 billion.

Key Highlights:

Current Pepe coin price adjustment is driven by a spreading wedge formation.

The $0.000017 line and 100-day exponential moving average provide a powerful accumulation point.

A crypto giant bought $25.4 Million in Pepe currency during the market slump.

Whale returns to PEPE with $24.5M buy

According to Lookonchain statistics, a crypto whale sold all their PEPE holdings on December 19, making $11.7 million.

This whale reentered the market with further investment after market stability. After six days, the wise move reinvested in PEPE, amassing 1.42 trillion tokens worth $24.5 million.

This clever whale liquidated all his $PEPE on the December 19 market dip, netting $11.7M!

After the market drop, the whale amassed 1.42T $$PEPE $24.5M) again in 6 days.

Pepe Coin Price to Rise 77% Amid Broadening Wedge Pattern
In a spreading wedge pattern, the Pepe coin price has moved sideways for six weeks. Two divergent trendlines should cause a consolidation, signaling market uncertainty and no obvious buyer or seller dominance.

Although the coin price is above 100- and 200-day EMA, the market remains positive. Pepe coin might gain 77% to target the overhead resistance trendline at $0.000032 as whale buying boosts bullish turnaround.

A widening wedge breakthrough to the upward confirms uptrend continuation.

A breach below the support trendline might debunk the recovery idea.

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